GENERAL INFORMATION

In Vietnam, the fishery sector plays an important role in the national economy, accounting for about 4-5 percent of Gross Domestic Product (GDP) and about 9-10% of national export revenue.

More than 4 millions of people working in the fishery and the growth in production have attributed to the fish exports. Thanks to strongly increase in many years, Vietnam ranks among the top ten seafood suppliers and its seafood products are exported to 170 markets in the world.

Shrimp, pangasius, tuna, squid and octopus are main seafood products exported by the country. In which, shrimp exports create about US$ 3.5 – 4 billion, make up 46-50% of the total seafood sales of Vietnam. Earnings from pangasius reached at US$ 1.7 – 1.8 billion (25% of the total) and exports from Tuna and Cephalopods are US$ 450 – 550 million for each.

Exports to the U.S, Japan, EU, China and South Korea make up 75% of Vietnam’s seafood sales to the wolrd.

5 advantages for Vietnam seafood exports:  

(1)  High commitment and participation from Government, Industry and companies for food safety, environment  and social responsibility;

(2)  Able to supply the big volume and safe quality and stable seafood products;

(3)  Meet all the customers’ requirements, incl. the vertical linkage (integration) for each species sector;

(4)  Vietnam is one in few countries in the world which has the good and stable labor resource; 

(5)  Vietnam has Agreements / FTAs with many countries and territories and has advantages both in product quality and im-ex tax.  

Ca Mau province strives to expand export markets

The southernmost province of Ca Mau has devised various measures, including boosting trade promotion activities, to expand and adjust the structure of its export markets, towards realising its target of earning 1.2 billion USD from exports in 2019.

The province has launched an action plan to develop the shrimp sector by 2025, aiming to turn it into the largest shrimp processing centre of the Mekong Delta region and the country in general.

In addition, it will continue a project to reform its agricultural sector towards improved quality, sustainability, and efficiency.

Accordingly, Ca Mau will focus on the development of super intensive, eco-friendly, and high-tech shrimp farming models and the building of a shrimp farm of international standards for stable material export supply.

Local shrimp exporting firms are advised to invest more in advanced equipment and machinery, raise their processing capacity, and create new products, thus increasing the province’s competitiveness.

Local authorities have also worked to address difficulties facing businesses and create optimal conditions for them.

According to the provincial People’s Committee, Ca Mau is estimated to rake in 1.2 billion USD from exports this year, of which 1.17 billion USD will be made up of aquatic exports.

The major markets for the province’s aquatic products include the US, Japan, the Republic of Korea, China, Canada, Australia, and the EU.

The output of frozen shrimp is likely to reach 137,100 tonnes in the reviewed period, equivalent to the year’s plan and up 5.9 percent year-on-year.

VNA


  • Vinh Hoan
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